US

Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data
Coinbase has tumbled 11%, while MicroStrategy, Riot Blockchain, Marathon Digital are all down in the area of 7%.

Key US Lawmaker Says Talks Continue Over ‘Ugly Baby’ Bill to Oversee Stablecoins
After months negotiating legislation to establish U.S. oversight, Rep. Patrick McHenry signals the challenges ahead for the effort next year.

US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range
The world’s largest cryptocurrency has been trading in a range between $18,000-$22,400 since the start of September.

US Senator Warren Leads Congressional Group's Probe Into Bitcoin Mining Energy Use in Texas
Seven Democrats from both the Senate and House are asking Texas grid operator ERCOT how bitcoin mining is impacting the state.

Bitcoin Miner Crusoe Energy Buys Fellow Flared-Gas Operator GAM
Acquisition opportunities are arising amid a crypto bear market that is squeezing miners.

Independent Examiner Ordered to Produce Interim Report About Crypto Lender Celsius
The report’s findings may affect the court’s decisions about custodial accounts and preference claims.

Will Comatose Bitcoin Market Come Alive After NFP Data?
Bitcoin has returned exactly 0.0%, on average, on NFP days in 2022, but picture changes during the week after the data release, past data show.

US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Data
XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-expected figure for core PCE, the Fed's preferred measure of inflation, may inject volatility into markets.

California Moves Forward to Allow Vital Records to be Issued on Blockchain
Governor Gavin Newsom signed a law this week that establishes a blockchain option for delivering individuals’ records, such as birth and marriage certificates

